Deals
Vestager Weighs New Powers to Take on Tech Giants, China M&A
- EU regulator sees need to intervene before it’s too late
- Also examining possible rules to vet state-funded acquisitions
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Margrethe Vestager, the European Union’s antitrust chief, is weighing the need for tougher powers to protect the bloc’s economy from the twin threats of Silicon Valley and China.
Vestager asked for feedback on June 2 about a potential new tool to intervene on markets -- such as technology -- before it’s too late for competition to be saved.